Fixed Assets - how many types of fixed assets

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how many types of fixed assets

Total Answers and Comments: 4

Last Update: September 13, 2008 Asked by: krishnareddy

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December 07, 2007 02:05:54

ketavarapu

Member Since: June 2007 Contribution: 11

RE: how many types of fixed assets

2 types tangible and intangible

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June 20, 2008 04:39:05

Sweete

Member Since: June 2008 Contribution: 7

RE: how many types of fixed assets

There are two types of fixed assets tangible and intangible assets.

Tangible assets: A physical asset whose presence can be felt and touched.
Ex. Furniture and Fixtures Plant and Machinery

Intangible Assets: Assets whose presence cannot be felt or touched.
Ex: Goodwill patents trademarks.

Sweete

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June 27, 2008 08:20:38

Niman

Member Since: June 2008 Contribution: 1

RE: how many types of fixed assets

There are current assets and fixed assets and both of them are part of the left side of Balace sheet(active).

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September 13, 2008 02:03:38

Ravindar554

Member Since: September 2008 Contribution: 1

RE: how many types of fixed assets

There are 3 types of Fixed Asset:-
1- Capitalized Assets
2- CIP Assets
3- Group Assets

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